Heracles General Cement Company, Greece’s fourth largest Industrials company by market capitalisation, closed unchanged at €5.98. The price is at a premium of 14.8 per cent to the one month volume weighted average price of €5.21.

In the past year the premium has been greater than 14.8 per cent just four times, suggesting a topish level and cautious buying at the current price. Compared with the FTSE/Athex 140 Index which fell 34.7 points (or 1.5 per cent) on the day, this represented a relative price change of 1.5 per cent.